The Hindu Business Line : The boom in housing finance

The Hindu Business Line : The boom in housing finance

Contributions on special topics in The Hindu Business line columns by this duo - Jayati Ghosh and CP Chandra Sekhar are laudable. They are more like collection items rich with data, charts, graphs and authentic data well compiled and analysed.

Here in this article, the authors have dealt with a simple product called 'Housing Finance' with all its historic data during the reforms period. At a time when the whole world is recovering from the 2008 shock of global meltdown, recession, financial crisis or whatever name with which is referred, housing finance in India was carried out systematically. The banking system in India is robust and safe. Due credit goes to the former RBI Governor Dr Y V Reddy, who was cautioning the banking system to go at steady space in 2005 and thereafter. In USA, the number of banks that have collapsed in 2009 were 140 and in the last seven months in 2010 itself numbers to 103. In India, the scenario is entirely different.

Data on Trends in Housing Finance, Personal Loans and Retail Portfolio have been well dealt with by the authors.